ProPetro (PUMP) Soars on Data Center Power Deal and Q3 Earnings Beat – What’s Driving the Rally?
Stock Rallies on Data Center Deal and Earnings News ProPetro’s shares have been on a tear this week, buoyed by a one-two punch of bullish news. On Monday (Oct. 27), the stock jumped nearly 19% intraday after the company announced a breakthrough power supply contract with a Midwest data center operator investing.com. The deal, made through ProPetro’s PROPWR division, commits the company to provide 60 MW of on-site electricity via a hybrid system of natural gas generators plus battery storage investing.com. This is a significant strategic win – it establishes ProPetro as an energy supplier to a leading data infrastructure